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Asia

Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%

Markets-Economic Times · 1h ago · 🇮🇳 India

Zepto IPO anchor book nears closure; Norges, Motilal Oswal may take 40-45%

In a notable financial move, major investors like Norges and Motilal Oswal are expressing a keen interest in Zepto's upcoming initial public offering, which is valued at approximately Rs 11,000 crore. The anchor book is approaching its closure, with these investors poised to capture a substantial share. Zepto's valuation for this IPO stands at an impressive $5.1 billion, aligning with the burgeoning growth of India's quick commerce sector.

Read the full story at Markets-Economic Times →

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